The "Taxes and Duties" clause specifies that each party is responsible for its own taxes and duties associated with the execution and performance of the contract. It may also outline the obligations for withholding taxes and state any requirements for the provision of tax-related documents.
Fees, taxes and duties 8.1 The Company shall bear all 2022 SLG SOP set-up and management costs. 8.2 All fees, expenses, taxes and mandatory contributions relating to securities transactions, including the cash settlement option set out in Section 3.12 above, shall be borne by the relevant Beneficiary Employee. If a Group entity is required to withhold and pay the taxes and duties owed by a Beneficiary Employee to the tax authorities, such Beneficiary Employee shall, pursuant to Section 3.13 above, pay the corresponding amount to that entity before the Shares are transferred to a securities account designated for this purpose and held by a licensed bank. The Beneficiary Employees shall further bear all expenses for personal advice, in particular with respect to legal or tax matters.
ARTICLE XVI - TAXES AND DUTIES 1. Taxes and Duties in Japan: The BUILDER and/or the SELLERS shall bear and pay all taxes and duties, dues, imposts, levies and fees of whatsoever nature imposed in Japan in connection with execution and/or performance of this Contract, excluding any taxes and duties imposed in Japan upon the BUYER’s Supplies. 2. Taxes and Duties outside Japan: The BUYER shall bear and pay all taxes and duties imposed outside Japan in connection with execution and/or performance of this Contract, except for taxes and duties imposed upon those items to be procured by the SELLERS for construction of the VESSEL.
Taxes and duties Real estate tax and all taxes, duties and contributions of any kind, levied by any authority whatsoever, which would encumber the rental or occupation of the buildings, are to be paid by the Lessee. The Lessee shall be required to compensate the Lessor for any damage resulting for it from the delay caused by the Lessee in paying the taxes incumbent upon it. The taxes and duties referred to above shall be reimbursable to the Lessor within 30 days of their notification to the Lessee.
The Purchaser shall bear the cost of all legal costs and expenses, and all registration, stamp and transfer taxes and duties or their equivalents in all jurisdictions where such fees, taxes and duties are payable as a result of the transactions contemplated by this Agreement. The Purchaser shall arrange the payment of such fees, taxes and duties, including fulfilling any administrative or reporting obligation imposed by the jurisdiction in question in connection with such payment.
Party C shall assume all costs and expenses relating to this Contract, including but not limited to attorney’s fee, cost of production, stamp duty and other taxes and duties. If the Pledgee is required to assume certain taxes and duties according to applicable law, the Pledgors shall procure Party C to fully refund the taxes and duties already paid by the Pledgee.
Taxes and Duties 11.1 Subcontractor is responsible for ensuring that the Consultant is registered with the relevant tax assessment authorities and has submitted a valid tax withholding card, and that all taxes and duties are paid according to current rules and regulations. For non-Norwegian citizens working in Norway, Subcontractor is also responsible for ensuring that the Consultant has a valid passport as well as residency and work permits. 11.2 As the Consultant’s employer, Subcontractor is responsible for paying tax withholdings and employers’ contribution according to Section 4 of the Payment and Collection of Taxes Act , and Section 17.2 of the National Insurance Act.
Stamp Duty, Fees and Taxes The Purchaser shall bear the cost of all stamp duty, any notarial fees and all registration and transfer taxes and duties or their equivalents in all jurisdictions where such fees, taxes and duties are payable as a result of the transactions contemplated by this Agreement. The Purchaser shall be responsible for arranging the payment of such stamp duty and all other such fees, taxes and duties, including fulfilling any administrative or reporting obligation imposed by the jurisdiction in question in connection with the payment of such taxes and duties.
Buyer and Seller acknowledge and agree that any and all taxes and duties imposed in connection with the transactions contemplated by this Agreement, including consumption tax in Japan, will be excluded from the Purchase Price. Buyer shall bear the responsibility for payment of any and all taxes or duties incurred in connection with the transactions contemplated by this Agreement (excluding, for the avoidance of doubt, any income, capital gains, or other similar taxes).
Taxes and Duties. Each Party is responsible for taxes and duties in line with the financial responsibilities defined in this Agreement.
All payments made by Lessee to Lessor (hereunder and under the Lease Agreement) shall be made free and clear of any and all taxes and duties, including withholding tax, purchases, use, and excise taxes, VAT, levies, imposts, fees or charges of whatever nature together with interest thereon and penalties thereof, at present or in future. All taxes, other than taxes on the overall income of Lessor and other then what is described in the preceding paragraphs of this clause, shall be the responsibility of Lessee.
STAMP DUTIES The Issuer will pay any stamp, registration and other similar taxes and duties (including any interest and penalties thereon or in connection therewith) payable in connection with the execution, delivery and performance of this Agreement.
Taxes. Each Seller, the Buyer, and the Lessee shall cooperate and use reasonable efforts to avoid or minimize any and all sales, stamp, transfer, value-added, gross receipts, goods-and-services, and other similar taxes and duties imposed on the sale of the Aircraft and Engines to the Buyer or otherwise imposed on the transactions contemplated hereby (for the avoidance of doubt, “any similar taxes and duties” shall not include any corporation, franchise, or other similar tax or any tax imposed in its jurisdiction of residence with respect to, or measured by, income or gain) (such taxes and duties being “Transfer Taxes”). The Buyer shall on written demand indemnify each Seller for all Transfer Taxes imposed on such Seller on the sale of any of such Seller’s Aircraft or Engine(s) to the Buyer.
TAXES AND DUTIES The BUILDER shall only bear and pay all taxes and duties imposed in the People’s Republic of China in connection with execution and/or performance of this Contract, excluding any taxes and duties imposed in the People’s Republic of China upon fuel oils and consumable stores remaining on board as specified in Paragraph 7 of Article VI hereof and the BUYER's Supplies described in the Specifications. The BUYER shall bear and pay all taxes and duties imposed outside of the People’s Republic of China in connection with execution and/or performance of this Contract, except for taxes and duties imposed upon those items to be procured by the BUILDER for construction of the VESSEL.
Taxes and Duties refer to mandatory financial charges or levies imposed on an individual or a business by a governmental organization to fund various public expenditures. While the term “taxes” generally covers a wide range of compulsory payments to the government, “duties” often refer to taxes levied on goods either imported or exported. These charges contribute to the government’s revenue and are crucial for the functioning of public services.
You should consider Taxes and Duties when dealing with financial transactions, contract negotiations, international trade, or any business operation that might involve the transfer of goods and services. It is essential to understand these terms to ensure proper financial planning, tax compliance, and pricing strategies that can affect profit margins and legal obligations.
When drafting documents or communicating regarding “Taxes and Duties,” use these terms accurately and specifically. Clearly distinguish between different types of taxes (e.g., income, sales, property) and duties (e.g., import, export) to avoid ambiguity. Use consistent language throughout contracts or agreements, and, where applicable, cite relevant legislative or regulatory guidelines.
For example: “The Buyer shall be responsible for all applicable taxes and duties arising from the purchase of the goods specified in this contract.
Contracts where “Taxes and Duties” are typically referenced include:
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Dive deeper into the world of clauses and learn more about these other clauses that are used in real contracts.
The "Tendering Party" clause refers to the party responsible for formally offering to supply goods or services as outlined in a contract. It establishes the obligations and timelines for this party to meet in ensuring that their delivery meets the contract requirements.
The "Term and Termination" clause outlines the duration of the contract and the conditions under which either party can terminate the agreement. It specifies the start and end dates of the contract, renewal options, and the process for termination, including any required notice period and potential consequences or obligations upon termination.
The "Term of Agreement" clause specifies the duration for which the contract will remain in effect, outlining the start and end dates or conditions under which the agreement will be active. It may also include provisions for renewal, extension, or termination of the contract, detailing the process and notice requirements for altering the contract term.
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